HomeMy WebLinkAboutRDA Reso 2002-1768
RESOLUTION NO. 1768
(COUNCIL RESOLUTION NO. 2002-033)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
FORGIVING AND ELIMINATING ALL AMOUNTS OWED BY THE
NATURE CENTER TO THE CITY'S GENERAL FUND AND THE
REDEVELOPMENT AGENCY AS OF THE DATE OF BCT'S
DISSOLUTION AND RATIFYING THE BAYFRONT CONSERVANCY
TRUST'S APPLICATION TO THE SECRETARY OF STATE FOR
CORPORATE DISSOLUTION
WHEREAS, the N<¡ture Center ("Center") has been funded by annual loans from the City and
the Agency, as well as by various intergovernmental grants and donations; and
WHEREAS, there has never been the capacity to repay any portion of the annual loans from
the City and the Agency, and it is not expected that there ever will be such a capacity; and
WHEREAS, since the Center is now formally becoming part of the City, it makes sense to
forgive and eliminate this amount owed by the Center to the City and the Agency; and
WHEREAS, all future funding for Center operations from the Agency will be considered a
subsidy and will not be sUbject to repayment; and
WHEREAS, operating loans from both the City and the Agency have accumulated over the
years, but have been fully reserved as uncollectable, will be forgiven and eliminated from the
balance sheets of both entities; and
WHEREAS, the Agency funds have been used by the Center to encourage tourism; and
WHEREAS, the Agency funds have been used by the Center to provide needed
improvements to the community's recreational, cultural, and other community facilities; and
WHEREAS, the Agency funds have been used by the Center to promote public improvement
of facilities which are sensitive to the unique environmental qualities of the area; and
WHEREAS, the use of Agency funds by the Center to accomplish these goals is consistent
with Community Redevelopment Law and the Bayfront Redevelopment Plan by alleviating and
preventing the spread of blight and deterioration of the project area; and
WHEREAS, the Agency loans recommended for forgiveness are approximately $4,599,064;
and
WHEREAS, the BCT was created in 1985 and was focused around active efforts to hold and
restore land at the Sweetwater Marsh Complex; and
WHEREAS, a number of events have transpired which have impacted the BCT's need and
ability to perform the original goals including the 1988 designation of the Sweetwater Marsh
Complex as a National Wildlife Refuge and the lack of Bayfront development to generate the
revenue necessary to independently operate the Center; and
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Resolution No.1768
(Council Resolution No. 2002-033)
Page 2
WHEREAS, at its December 5, 2001 meeting, the BCT unanimously approved the
dissolution of the BCT and recommended the formation of a City Board to advise the Council on
matters associated with the Center.
NOW, THEREFORE, BE IT RESOLVED that the City and Redevelopment Agency of the
City of Chula Vista does hereby:
1. Approve the resolution forgiving and eliminating all amounts owed by the
Nature Center to the City's General Fund and the Redevelopment Agency as of the date of
Bayfront Conservancy Trust dissolution.
2. Ratify the Bayfront Conservancy Trust's application to the Secretary of State
for corporate dissolution.
Presented by
D~
Nature Center Director
Approved as to form by
".
//fØI
Resolution No. 1768
(Council Resolution No. 2002-033)
Page 3
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 5th day of February, 2002 by the following vote:
AYES:
Members Davis, Padilla, Rindone, Salas, and Chair/Mayor Horton
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
Sh~
Chairman
ATTEST:
œs,~
Executive Secretary
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1768 and that the same has not been amended or repealed.
Dated: February 6, 2002
(U~~
Chris Salomone
Executive Secretary
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